Natixis Advisors LLC Raises Position in BXP, Inc. $BXP

Natixis Advisors LLC increased its stake in BXP, Inc. (NYSE:BXP) by 17.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 257,677 shares of the real estate investment trust’s stock after buying an additional 38,109 shares during the quarter. Natixis Advisors LLC’s holdings in BXP were worth $19,156,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in BXP by 1.9% in the 3rd quarter. First Trust Advisors LP now owns 41,123 shares of the real estate investment trust’s stock worth $3,057,000 after acquiring an additional 754 shares during the period. Barclays PLC raised its stake in shares of BXP by 14.9% during the third quarter. Barclays PLC now owns 1,261,556 shares of the real estate investment trust’s stock valued at $93,784,000 after purchasing an additional 163,949 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BXP by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,256,924 shares of the real estate investment trust’s stock worth $167,785,000 after purchasing an additional 37,438 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of BXP by 114.7% during the third quarter. Victory Capital Management Inc. now owns 88,469 shares of the real estate investment trust’s stock worth $6,577,000 after purchasing an additional 47,259 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of BXP by 18.8% in the third quarter. Fisher Asset Management LLC now owns 250,316 shares of the real estate investment trust’s stock valued at $18,609,000 after purchasing an additional 39,682 shares during the period. 98.72% of the stock is owned by institutional investors and hedge funds.

BXP Trading Down 2.4%

NYSE:BXP opened at $52.15 on Thursday. The company has a market cap of $8.27 billion, a PE ratio of 29.97, a P/E/G ratio of 2.28 and a beta of 1.01. The business’s 50 day moving average is $62.62 and its two-hundred day moving average is $68.80. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. BXP, Inc. has a 52 week low of $49.72 and a 52 week high of $79.33.

BXP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 5.4%. BXP’s payout ratio is presently 160.92%.

Insiders Place Their Bets

In other news, CEO Owen D. Thomas sold 1,198 shares of BXP stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $61.22, for a total value of $73,341.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Hilary J. Spann sold 5,495 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $59.69, for a total transaction of $327,996.55. Following the sale, the executive vice president directly owned 17,832 shares of the company’s stock, valued at approximately $1,064,392.08. This represents a 23.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,887 shares of company stock worth $476,930 over the last three months. 1.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BXP has been the topic of several analyst reports. Scotiabank dropped their price target on shares of BXP from $74.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. Barclays lowered their target price on BXP from $81.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $79.00 price target on shares of BXP in a research note on Thursday, January 29th. Truist Financial reduced their price target on BXP from $74.00 to $70.00 and set a “hold” rating for the company in a report on Monday, February 2nd. Finally, UBS Group lowered their price objective on BXP from $74.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.00.

BXP Profile

Boston Properties, Inc (NYSE: BXP) is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company’s portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.